The case involves serious charges of insurance fraud, forgery,...
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Healthcare must move towards hyper-personalisation: NHA CEO
Sunil Kumar Barnwal, chief executive officer, National Health...
Rising 3rd-party risks and persistent ransomware threats drive increased cybersecurity investments in 2026: Marsh
Among the key findings, nearly 75% of organizations globally...
World Bank eyes first ‘drought’ bond in next 12-18 months
“We would love to do something in the drought space, that is something we are working on,” said George Richardson, director of the capital markets and investment department at the World Bank Treasury told Reuters, adding this would be most likely focussed on Africa...
Railways to monitor untoward incidents in real time to check fraudulent claims
The board acted after it came to light that there were delays in fulfilling formalities related to cases of Man Run Over (MRO) by trains and other untoward incidents, due to which fraudulent cases were lodged at the Railway Claims Tribunal (RCT), making it pay a heavy...
ASPEN launches data labs to drive business’ data and artificial intelligence agenda
Christian Dunleavy, Group Chief Underwriting Officer, said: "Technology, and increasingly the potential of AI, is vital to our strategy. Aspen Data Labs will be instrumental in enhancing our decision support systems to bring solutions that improve our operations and...
“Megatrend” Risks are not getting properly addressed by business entities, finds out Aon Survey
The survey results highlight that supply chain risks are top of mind in the C-suite, with 74 percent of business decision makers saying that their responsibility for supply chain or distribution functions has increased over the last year DUBLIN: Aon plc, a leading...
The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the Boston-based firm that carries her name, says the cumulative effect of past climate change is an 11% jump in insured losses related to hurricanes. Her firm’s projections to 2050 suggest that climate change...
Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest composite insurer in Asia, adding a household name in Singapore that distributes a full range of life and non-life products. Chief Executive Officer Oliver Baete, who is expected to outline new financial...
Consumer commission slaps Rs50k fine on insurance company for deficiency in services
Taking note of the evidence before it, the commission comprising President Inder Jeet Singh observed that the denial of the claim by the insurance company was "arbitrary, without any valid ground and contrary to the terms and conditions of the policy", besides...
6 candidates to be interviewed for selecting member, Non-Life, IRDAI on Thursday
The candidates are- Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance UII and three other candidates from the private sector insurance industry-Deepak Sood, a consultant...
Robust economies set to drive global insurance growth and profitability, says Swiss Re
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli, Swiss Re's Group Chief Economist says, "The insurance industry has reached a new equilibrium after the challenges of recent years. The global economy has surprised on the upside, which should drive more...
Ships fleeing the Red Sea now face perilous African weather
Storms near the African coastline are playing havoc with the key route that vessels have been using to avoid attack by Yemen’s Houthi militants in the Red Sea. Container ships in particular have diverted thousands of miles around the continent, instead of running the...